The Financial Regulatory Authority (FRA) has approved a fee structure for clearing and settlement services related to futures contracts while granting a one-year waiver on several charges to encourage participation during the launch phase of Egypt’s derivatives market.
The decision, issued by the FRA’s Board of Directors under Chairperson Islam Azzam, forms part of the regulatory framework supporting the development of the country’s derivatives market and was coordinated with the Egyptian Exchange.
The services will be provided through Taswyaat Clearing Services, the FRA-licensed clearing house responsible for clearing and settling transactions executed on the futures exchange. The company will also oversee client-level risk management for derivatives trading and settlement members, in addition to managing counterparty risk to support market integrity and stability.
Under Board Resolution No. 110 of 2026, published in the Egyptian Gazette, the FRA exempted several services from fees for one year from the date the decision enters into force, with the aim of facilitating the rollout of the derivatives market and encouraging market participants to adopt the new investment instrument.
The temporary fee waiver covers agency execution, final settlement of futures contracts, transfers of positions between clearing members, issuance of account statements, adding system users, and automated connectivity to the settlement system.
In addition, three services will remain permanently free of charge: opening client accounts, cash deposits, and cash withdrawals.
Azzam said the launch of futures trading marks a significant milestone in the development of Egypt’s capital market, describing futures contracts as a key instrument for broadening investment opportunities and deepening the market.
He added that the new fee structure strikes a balance between ensuring appropriate compensation for clearing services and encouraging brokers and investors to participate in the futures market during its initial phase. The temporary exemptions are intended to support licensed brokerage firms and expand activity in the new market segment.
The Egyptian Exchange launched its derivatives market in June 2026, introducing futures contracts on two blue-chip listed stocks despite heightened regional geopolitical tensions, a move authorities said underscored the resilience of Egypt’s capital market.
The FRA had previously issued Board Resolution No. 7 of 2026, setting out the licensing requirements for futures brokerage firms, and has since granted approvals to several companies that met the required financial and technical standards.
Under the newly approved tariff schedule, clearing members will pay a one-time membership fee of EGP 20,000 and an annual subscription fee of EGP 10,000, which includes access to one settlement system terminal.
Clearing and settlement services will be charged at 0.01% of the transaction value, capped at EGP 5,000 or its equivalent in the trading or settlement currency. The services covered by the one-year exemption will become subject to the prescribed fees once the waiver period expires.
